Form 4: Cingulate Inc. Director Acquires Stock Options
SEC Form 4 Filing
Director Bryan Jay Lawrence reports acquisition of 5,000 stock options in Cingulate Inc.
Summary
- Bryan Jay Lawrence, a director of Cingulate Inc. (CING), reported a transaction on March 4, 2024.
- Lawrence acquired 5,000 stock options with an exercise price of $1.18.
- These options vest in two tranches: 50% on the six-month anniversary of the grant date and the remaining 50% on the twelve-month anniversary.
- The options expire on March 4, 2034.
- Following the transaction, Lawrence directly owns 5,000 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report of a standard transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a standard disclosure related to insider transactions, common for publicly traded companies.
Stakeholder Impact
- The transaction could have a minor impact on shareholders by potentially diluting equity if the options are exercised in the future.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: acquisition of stock options |
| 03/06/2024 | Date of signature |
| 03/04/2034 | Expiration date of the stock options |
Keywords
stock options, Form 4, Cingulate Inc., director, beneficial ownership, securities
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